Weekly reviews

Bitcoin market technical outlook


Analysis method - “Trend Potential” June 23, 2018

Weekly chart: ADX is growing and it’s very close to the trending area. This tells about huge pressure of sellers on support level 5566.85 (lower Bollinger band), that, eventually, may lead to stronger downward mid-term wave, directed towards handles of 2984.00-3000.00 dollars for a coin.

Expectations: Continuation of decline in direction 5566.85 and lower.

Trading recommendations: Shorts towards 5566.85 and lower.